PLI Vs SIP

Actually both are totally different product....... You have to ascertain whether you wish more return at the cost of some risk......... or just get insured at the cost of almost nil return

Yes, because of Governmental backing, but can't beat MF equity scheme SIP returns......

Secondly, bonus gets lost in case of surrender of policy...

only Rural PLI  covers general public !!

Well, PLI covers employees of Central and State Governments, Central and State Public Sector Undertakings, Universities, Government aided Educational institutions, Nationalized Banks, Local bodies, autonomous bodies, joint ventures having a minimum of 10% Govt./PSU stake, credit co-operative societies etc.

PLI also extends the facility of insurance to the   officers and staff of the Defence services and Para-Military forces. Apart from single insurance policies, Postal Life Insurance also manages a Group Insurance scheme for the Extra Departmental Employees (Gramin Dak Sevaks) of the Department of Posts.

It does not cover general public, but Rural PLI !!

BUT IT ALSO INCLUDES PROFESSIONAL LIKE LAWYER , CA , DOCTOR ETC. I HAVE THE CIRCULAR.

HERE IS THE CIRCULAR

Yes, its good that professionals are also included under PLI, now......

But keep in mind that 'insurance is not investment'.....

It is security to the dependents......... but at the cost of return.

Even comparing it with debt fund is unwarrented........... as debt funds are just to safeguard capital erosin against inflation......... net earnings are meager as compared to other investment class......

If Insurance prem. Amt is 3.00L(One time) made after 1.04.2012.and matured value is 4.95L on 05.07.2017 what is the tax treatment ...TDS is deducted 194DA .....what about 3.00l DEPOSIT....only difference  is taxable or not